Yonghong Li Archives - Page 2 of 3

Milan, Yonghong Li tries to refinance the debt

Posted on August 30, 2017August 30, 2017 by Rossonero

An enormous amount of money was needed to buy AC Milan. In a year Yonghong Li has to repay a large figure to his creditors. As it is well known, Yonghong Li has lent 300 million euros from Elliott Management Corporation. That debt must be repaid by October 2018 with lots of interest (but not exaggerated). Of this money, 180 millions were used to finance Milan’s acquisition from Fininvest via the Rossoneri Sport Investment Lux….

Shevchenko slams Milan

Posted on August 18, 2017September 16, 2021 by Rossonero

Despite the initial good results on the pitch and big investments made so far on the market, AC Milan’s news ownership continues to be a magnet for criticism. This summer, AC Milan have often been considered, at least in Italy, as the club that has moved better on the transfer market, reinforcing the team and spending a lot of money for some really important signings. However, there are others who have a different opinion and…

5 August 2016, the date that changed Milan forever

Posted on August 5, 2017 by Rossonero

5 August of last year was a significant date that changed the face of AC Milan once and forever. Today, the first results seem promising. Exactly a year ago, the beginning of a new story started to be written. Silvio Berlusconi and new president Yonghong Li signed the preliminary purchase contract for AC Milan. 365 days later, the new management has already shown strength in the transfer market, revolutionizing the team and bringing several champions…

What happens if Milan bankrupts?

Posted on July 30, 2017July 30, 2017 by Rossonero

Il Sole 24 Ore tries to explain what would happen if the rossoneri went bankrupt. The Italian financial magazine joins the fierce debate, initiated by AS Roma president, in a short attempt to explain the procedure if AC Milan or its owner, Yonghong Li, went in default. As reported in an article by Carlo Festa for Il Sole 24 Ore, the Elliot Management fund, whose loan to AC Milan was mentioned by James Pallotta in…

Fassone’s first 100 days as AC Milan’s CEO

Posted on July 21, 2017July 21, 2017 by Rossonero

It took some time for the new ownership to acquire AC Milan but ever since, CEO Marco Fassone and Massimiliano Mirabelli have done a job to be envied. Sunday will be exactly one hundred days since the establishment of the new Chinese ownership in Aldo Rossi street. The numerous and diffused doubts surrounding the name of Yonghong Li and the abilities of Marco Fassone and Massimiliano Mirabelli were debunked by the excellent purchases on the transfer market, already…

Fassone: Other signings will be made. It would be nice to have one between Belotti, Morata and Aubameyang

Posted on July 16, 2017July 16, 2017 by Rossonero

Marco Fassone, CEO of AC Milan, spoke to Premium Sport and Milan TV about the signing of Leonardo Bonucci and the future transfer market moves. Abut Leonardo Bonucci’s signing “I was very skeptical. I never thought Juventus would gives us Bonucci. It was a foolish idea and I did not even want to try it, but then Montella was telling us to insist. We went to meet him and we closed this operation very quickly….

Milan non stop: extra budget for Aubameyang

Posted on July 8, 2017 by Rossonero

Yonghong Li has approved an extra budget for the signing of a top player. Pierre Emerick Aubameyang remains the primary target. Since the Chinese ownership took over at AC Milan, Marco Fassone and Massimiliano Mirabelli have been relentless in the transfer market. Yesterday the club announced the signing of Andrea Conti and a 17 year old wonderkid (read here) but it’s not willing to stop there. It’s as if the new management wanted to beat any kind of…

2016/17 Season review – Crazy moments, Supercoppa and the Chinese

Posted on July 1, 2017July 1, 2017 by Rossonero

July marks the beginning of a new season. One that the rossoneri fans expect to be much better than the last four. A new beginning but also the perfect time to review the past season. 30 June in the regular calendar has no special significance. The summer has just begun, vacations are planned, and so on. In football, however, is the day when the football season officially ends, therefore it is a time for a…

Berlusconi: Donnarumma, nostalgia Ibrahimovic and mercato

Posted on June 23, 2017 by Rossonero

The historical Milan president, Silvio Berlusconi, returns to talk about the rossoneri in an interview for Premium Sport. The legendary ex president returns to discuss Donnarumma, Ibrahimovic, transfer market and the Chinese. From president to a simple fan, Silvio Berlusconi has never abandoned Milan: “I have lived this last months as a fan in a unpleasant way, with great pain for a detachment that become necessary because in today’s football have entered those with big…

Donnarumma will say YES

Posted on June 14, 2017June 14, 2017 by Rossonero

Tomorrow Fassone and Mino Raiola will meet to discuss for the final time Donnarumma’s renewal. Gigio will sign a new 5 year contract of 4 million euros that may rise to 5. Tomorrow will be the decisive day to understand what will be the future of Gigio Donnarumma. We will finally know if he is going to sign a new contract or will leave the rossoneri. It has been a very tense negotiation filled with accusations…

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